Iskandar Malaysia records RM244b committed investments

JOHOR BAHRU: Iskandar Malaysia had registered total committed investments of RM244.46bil between 2006 and Sept 30, 2017 of which 54% of these investments already realised.

Iskandar Regional Development Authority (IRDA) Chief Executive Datuk Ismail Ibrahim said on Thursday local investors contributed RM149bil and accounted for 61% of the total cumulative committed investments. The balance of RM95bil  (39%) was contributed by foreign investors.

Ismail said this reflected continuous investor confidence in Iskandar Malaysia as it moved towards its long-term development objectives.

Meanwhile, on the Iskandar Malaysia Greenhouse Gas (GHG) Inventory 2016, it showed a significant 10% reduction in emission, even with the continuing rapid development in the economic region.

This is an improvement compared with a seven per cent reduction recorded in the previous year, he said.

“As the only economic region participating in carbon reporting, I am very happy to share our good progress in monitoring Iskandar Malaysia's GHG emission by tracking the impact and performance of Iskandar Malaysia Low Carbon Society Blueprint (LCSBPIM) implementation,” Ismail added.

Besides, the Iskandar Malaysia smart city initiatives were in line with the Johor state's aspiration as outlined in its 2018 Johor State Budget announced recently.

"All this sustainable agenda is to make Iskandar Malaysia a smart metropolis that covers the economic, environmental and social aspects.

"It is our goal to ensure Iskandar Malaysia's inclusiveness benefits the people not only in the region but also throughout the country, " he added. - Bernama